And when Valérie had consented with a smile and a nod, he went on: "Well, this is the matter, my dear fellow: it is possible that I may soon leave the works. Oh! it's not decided, but I'm thinking of it. Yes, I've been thinking of it for some months past; for, when all is said, to earn five thousand francs a year, after eight years' zeal, and to think that one will never earn much more, is enough to make one despair of life." "It's monstrous," the young woman interrupted: "it is like breaking one's head intentionally against a wall." "Well, in such circumstances, my dear friend, the best course is to look out for something elsewhere, is it not? Do you remember Michaud, whom I had under my orders at the works some six years ago? A very intelligent fellow he was. Well, scarcely six years have elapsed since he left us to go to the Crédit National, and what do you think he is now earning there? Twelve thousand francs--you hear me--twelve thousand francs!" The last words rang out like a trumpet-call. The Moranges' eyes dilated with ecstasy. Even the little girl became very red. "Last March," continued Morange, "I happened to meet Michaud, who told me all that, and showed himself very amiable. He offered to take me with him and help me on in my turn. Only there's some risk to run. He explained to me that I must at first accept three thousand six hundred, so as to rise gradually to a very big figure. But three thousand six hundred! How can one live on that in the meantime, especially now that this flat has increased our expenses?" At this Valérie broke in impetuously: "'Nothing venture, nothing have!' That's what I keep on repeating to him. Of course I am in favor of prudence; I would never let him do anything rash which might compromise his future. But, at the same time, he can't moulder away in a situation unworthy of him." "And so you have made up your minds?" asked Mathieu. "Well, my wife has calculated everything," Morange replied; "and, yes, we have made up our minds, provided, of course, that nothing unforeseen occurs. Besides, it is only in October that any situation will be open at the Crédit National. But, I say, my dear friend, keep the matter entirely to yourself, for we don't want to quarrel with the Beauchênes just now." Then he looked at his watch, for, like a good clerk, he was very punctual, and did not wish to be late at the office. The servant was hurried, the coffee was served, and they were drinking it, boiling hot as it was, when the arrival of a visitor upset the little household and caused everything to be forgotten. "Oh!" exclaimed Valérie, as she hastily rose, flushed with pride, "Madame la Baronne de Lowicz!" Séraphine, at this time nine-and-twenty, was red-haired, tall and elegant, with magnificent shoulders which were known to all Paris. Her red lips were wreathed in a triumphant smile, and a voluptuous flame ever shone in her large brown eyes flecked with gold.